B2Gold updates Goose project mine plan, mill expansion study begins
B2Gold Corp. (JSE:B2G) has announced an updated mineral reserve life of mine plan for its Goose Project in Nunavut, Canada, effective December 31, 2024. The technical report, prepared in accordance with National Instrument 43-101, provides the basis for the updated mine plan. Construction is currently underway at the Goose project, with first gold pour expected in the second quarter of 2025 and commercial production anticipated in the third quarter of 2025. The company confirms a construction and mine development cash expenditure estimate of C$1,540 million. In related news, B2Gold announced the completion of the Phase 2 expansion of its Fekola Solar Plant in Mali. The expansion, completed in the fourth quarter of 2024 and operational in January 2025, adds 22 MW of solar capacity and 12.7 MWh of battery capacity. The expanded Fekola Solar Plant is expected to reduce annual emissions and heavy fuel oil consumption. The expansion of the Fekola Solar Plant aligns with B2Gold's emission reduction targets.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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